Market sound- Global are muted today investors await release of the Federal Reserve meeting minutes. Investors will keenly watch out minutes of the FEDS July policy meeting, scheduled for release tonight, for clues on the US central banks rate plans after recent blowout jobs data. Asian markets opened mixed, as the sentiment hit from a lower finish in the US stock market offset the positive impact of a rise in oil prices. Australia’s benchmark AXS 200 was down 0.37 percent in early trade, with the heavily-weighted financials sub-index down 0.69 percent. In new Zealand, the NZX 50 was higher by 0.63% in Mid-morning trade.
Live Market- The BSE Sensex is trading up 7.53 points or 0.03 percent at 28072.14 and The NSE Nifty index is trading down 7.35 points or 0.09 percent at 8635.20.
Among Top gainers stock– Hero motocorp , Cola India, Tata Steel, Auro Pharma, Axis bank, Bajaj Auto, Bharti Airtel, Grasim, Tata motors. While top losers are TCS, UltraCements, BPCL, IDEA, Power Grid, Asian paints, Ambuja Cements, Reliance, Kotak bank, Infosys.
Global Market Update- FTSE: 6,917.94 (24.02) (0.35%) CAC: 4, 477.57 (17.13) (0.38%) DAX: 10,686.82 (10.17) (0.10%) SGX NIFTY: 8,673.00 (12.00) (0.14%).
Today Perfect Stock Trading Calls-
OPTION CALL- BUY PNB 120 Call above 7.5 target 7.8 stop loss 6.9
OPTION POSITIONAL CALL- BUY VEDL 165 Call above 8.4 target 9.05 stop loss 7.1
HNI CALL- SELL TURMERIC Sep below 7574 target 7514 stop loss 7664
The Indian market is refusing to budge ahead with the nifty above 8650. The Nifty is trading down 1.90 points or 0.02% at 8670.25 and The BSE Sensex is up 8.82 points or 0.03% at 28161.22.
About 986 shares have advanced, 1005 shares declined and 94 shares are unchanged.
Among Adani ports 5.11%, BPCL 2.83%, Hindalco 2.77%, Cipla 2.51%, Power Grid 1.88%, Yes bank 0.92%, ITC 0.91%, NTPC 0.84%, Kotak bank 0.81%, ICICI bank 0.71% were top Nifty gainers today.
InfraTel 4.34%, Grasim 2.75%, Auro Pharma 2.07%, Tata Motors 1.78%, BHEL 1.48%, Tata Mtrdvr 1.41%, Axis bank 1.38%, Bosch Ltd 1.27%, Reliance 1.10%, Tech-mahindra 1.05% were top losers today.
Intraday/Cash/Future/Option Trading Call on Tuesday
HNI CALL- BUY ATLANTA above 66.5 targets 67.4 … …. Stop loss 64.7
CASH BLUECHIP CALL : BUY PNB above 124 targets 124.5 … … Stop loss 123
BUY STOREONE above 167 targets 168.6 … … Stop loss 163.8
OPTION CALL: BUY ADANIPORTS 250 call above 15.65 targets 16.45 … … Stop loss 14.05
SELL PANACEABIO below 107 targets 106 … … Stop loss 109
Morning Update- The market is likely to trend higher with strong global cues but focus will be on earnings of index heavyweights. CPI inflation for July and factory data for June will be announced today.
Securities in Ban For Trade Date 12-AUG-2016:
RESULT TODAY- SBI, Sun pharma, Cipla, GLENMARK pharma, JET Airway’s, Hindalco AND BOSCH are few major companies which will be announce Q1 results today.
SGX NIFTY 50 TREND- BULLISH TO CONSOLIDATE
Strategy- BUY ON DIPS
Support 1-8560 Support 2- 8510
Resistance 1-8650 Resistance 2-8700
Live market- The 30-share BSE Sensex is up 266.24 points or 0.96% at 28125.84 and The 50-share Nifty index gain 73.20 points or 0.85% at 8665.35.
Among Hindalco, Yes bank, Tata motors, Tata Mtrdvr, Axis bank top gainers while BPCL, Bosch Ltd, Tech-mahindra, Grasim, IDEA top losers in the Nifty.
(10:51), SELL RM SEED SEP Below 4870 targets 4857 … … stop loss 4896
(10:50), Optional positional- BUY LTFH 85 CALL above 8 targets 8.45 … … stop loss 7.1
Market Update- The market May open likely to be in positive trend today. Asian shares held near one-year highs as investors pared expectations slightly for a federal reserve interest rate increase following weak US productivity data, which drove the dollar and treasury yields lower.
SGX Nifty 50 trend- Consolidate To Bullish
Resistance- R1 8760 R2- 8830
Support- S1 8620 S2- 8550
Live market- The 30-share BSE sensex down 191.89 points or 0.68 percent at 27893.27 and The 50-share NSE Nifty index falls 68.75 points or 0.79% at 8609.50.
Among Adani ports, HCL Tech, TCS, NTPC, Bajaj Auto, ZEEL, Bharti Airtel, Bosch Ltd were top Gainers while Grasim, Lupin, Indusindbk, Ambuja Cements, ACC, Reliance, ICICI bank, Tech mahindra, Infratel, LT were top losers in the Nifty.
Today Stock Calls-
BUY ADANIPORT future above 250 target 251 … … stop loss 248
BUY SRF future above 1609 target 1614 … … stop loss 1599
SELL MOTHERSUMI below 334 target 332.5 … … stop loss 337
MORE CASH/FUTURE/OPTION/HNI CALLS… GIVE A MISSED CALL ….
The Market is likely to be open higher indicating a strong. Global cues are strong Asian share rose on Monday and the dollar stood tall after a stronger-than-expected July jobs report lifted confidence in the strength of the US economy-Heightening expectations that the US federal reserve could hike interest rates the year.
Stocks in news- AMBA enterprises Ex date date for 1:5 bonus. CIL, NMDC, MOIL, NALCO, BEL-30 PSUS to buy back shares to AID government’s divestment plan. HDFC/MAX life merger ratio to be 10:24 bhushan steel approved issue of 38.5 LK redeemable cumulative preference shares of Rs 100 each and increase in share capital from Rs 285 Cr to Rs 300 Cr.
Live 11:10 AM, The 30-share BSE Sensex is trading up 86.99 points or 0.31% at 28165.34 and the 40-share NSE nIfty is trading gain 25.05 points or 0.29% at 8708.20.
Among Hindalco 4.31%, BPCL 3.62%, Lupin 1.73%, Tech-mahindra 1.72%, Tata Mtrdvr 1.66% were top gainers while IDEA 3.15%, Bharti Airtel 1.61%, Infratel 1.26%, NTPC 1.21%, Tata Steel were top losers in the NSE.
Weekly Update- The Sensex rose 248.62 points or 0.89% to settle at 28,051.86, in the week ended 29 July 2016. The
Nifty 50 index gained 97.30 points or 1.14% to settle at 8,638.50. The BSE Mid-Cap index gained 3.13%. The BSE Small-Cap index rose 1.67%. Both these indices outperformed the Sensex. According to reports, the government on Friday, 29 July 2016, listed the much- awaited GST bill for consideration and passage in Rajya Sabha’s agenda for the next week.a
Nifty Resistance- R1 8703 R2 8767 R3 8925 R4 9082
Nifty Support- S1 8445 S2 8452 S3 8295 S4 8137
Range For the week- 9000-8500
Strong Support- 8586-8066
Strong Resistance- 9266-8786
Event this week –
Manufacturing production GBP 09 Aug 2016
Unemployment Claims USD 11 Aug 2016
Weekly stocks Recommendation:- Ajanta pharma
Ajanta pharma shows good for buying as CCI is sustaining above 100 levels with MACD and KST are giving buying crossover supported by RSI and ADX thus we can BUY over 1842 and IT May achieve that target of 1867-1872